Employer Update

Look to the financial reporting page of the VRS employer website for resources to help you prepare the pension and VRS-administered other post-employment benefit (OPEB) plan components of your annual financial statements in accordance with Governmental Accounting Standards Board (GASB) standards.

You’ll find the following resources to help you complete your financial statements:

• Audit reports for the pension and OPEB plans.
• Sample journal entries for pension and OPEB plans.
• Sample note disclosures for pension and OPEB plans.
• Analysis of changes in the net pension or net OPEB liability.
• Covered payroll and contributions for fiscal year 2021.

Remember: Except for the covered payroll and contributions, these documents have a measurement date as of June 30, 2020.